Mumbai, July 24 -- Domestic equity benchmarks ended in the red today as intense selling pressure in IT stocks dragged indices lower, following disappointing earnings from key sector players. Investor sentiment was further dampened by negative global cues. The White House's announcement that U.S. President Donald Trump will visit the Federal Reserve on Thursday - an unexpected and controversial move - has heightened tensions with Fed Chair Jerome Powell, injecting fresh uncertainty into global markets.

Adding to the unease, trade negotiations between India and the U.S. have reportedly hit a roadblock. With Washington's August 1 deadline approaching, talks remain stalled over tariff reductions on key agricultural and dairy products, raisin...